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Re: Harry Reid: Auto Bailout Probably Saved Ford

Just a note: Ford did benefit from the bailout even if they were not given money. Posted that on the other thread.

AUSTAN GOOLSBEE:I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

Re: Harry Reid: Auto Bailout Probably Saved Ford

3) Ford gets into financial trouble, and it alone is responsible for it.

4) Ford gets welfare money from the government.
Kind of funny, isn't it. Ford touts Capitalism until they start getting beaten by natural forces in the market, then they whine and beg for Socialism. That's the problem with banksters and large corporations. Socialism for them, whenever they want it. Capitalism and "pull yourself up by the bootstraps" for everybody else. Who the **** do they think they are?

shouldnt that have read GM and Chrysler instead of Ford?
Ford actually did not receive a Government hand out?

Re: Harry Reid: Auto Bailout Probably Saved Ford

Oh no, they "benefited" indirectly. ****, they might as well have taken billions themselves right?? You reached Boo, I ignored your silliness there, and here I am mocking you here.

Benefit is benefit. No way around it. It would have hurt Ford if the others had folded. Now, you can be silly about it, pretend if you want, but the facts are the facts. Nothing more. nothing less.

AUSTAN GOOLSBEE:I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

Re: Harry Reid: Auto Bailout Probably Saved Ford

Benefited in the short-term - yes.
But did they learn something? Highly unlikely.

Did anyone learn anything? Highly unlikely.

The only way to *truly* call it a benefit is if it forces them or others to change their failed business setup, plans and so forth.

Will ANY auto company fix their selves? Absolutely not - there's no reason to. They've been screwing people for years and loving it. . . and getting away with it.

True. Again, bailing them out isn't new. It's been done before. And it will likely be done again.

AUSTAN GOOLSBEE:I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

Re: Harry Reid: Auto Bailout Probably Saved Ford

They never seem to learn a lesson and it seems that the only reason why they're continually given a slap on the wrist with a handfull of G's is because they employ a lot of people.

(They as in *all of them* - not just Ford)

Hmm - since we bail them out so routinely you'd think that we'd have more of a say in what they do and how they do it - they take our money in more ways than one but our opinions?

Can't have a government take over, don't ya know. Free market. just give them the money.

Sad.

AUSTAN GOOLSBEE:I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.